J. Safra Sarasin Holding AG Boosts Stock Position in Arch Capital Group Ltd. $ACGL

Key Points

• J. Safra Sarasin Holding AG increased its holdings in Arch Capital Group Ltd. by 3.4% in the second quarter, owning 142,411 shares valued at approximately $12.97 million.
• Arch Capital Group reported earnings of $2.58 per share, exceeding expectations, alongside revenue of $4.35 billion for the latest quarter.
• The stock has a current market capitalization of $33.25 billion and shows an average rating of "Moderate Buy" among analysts with a target price of $109.36.

J. Safra Sarasin Holding AG lifted its position in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 3.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 142,411 shares of the insurance provider's stock after purchasing an additional 4,742 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Arch Capital Group were worth $12,967,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ACGL. Bartlett & CO. Wealth Management LLC purchased a new position in Arch Capital Group during the 1st quarter worth approximately $27,000. Meeder Asset Management Inc. boosted its position in Arch Capital Group by 116.3% in the 1st quarter. Meeder Asset Management Inc. now owns 279 shares of the insurance provider's stock worth $27,000 after purchasing an additional 150 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in Arch Capital Group during the first quarter valued at $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of Arch Capital Group in the first quarter valued at approximately $37,000. Finally, Grove Bank & Trust acquired a new stake in shares of Arch Capital Group in the first quarter valued at about $40,000. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $89.08 on Friday. Arch Capital Group Ltd. has a 12-month low of $82.49 and a 12-month high of $116.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $33.25 billion, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 5.53 and a beta of 0.47. The firm's fifty day moving average price is $89.97 and its 200 day moving average price is $91.15.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.28. Arch Capital Group had a return on equity of 15.33% and a net margin of 19.49%.The company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the firm earned $2.57 earnings per share. On average, research analysts forecast that Arch Capital Group Ltd. will post 8.42 EPS for the current fiscal year.

Insider Transactions at Arch Capital Group

In related news, insider Maamoun Rajeh sold 10,000 shares of Arch Capital Group stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the completion of the sale, the insider owned 433,589 shares in the company, valued at approximately $40,822,404.35. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ACGL has been the subject of several recent research reports. Wells Fargo & Company reduced their price objective on Arch Capital Group from $110.00 to $107.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Cantor Fitzgerald raised shares of Arch Capital Group to a "hold" rating in a research note on Wednesday, August 13th. UBS Group reiterated a "buy" rating and set a $118.00 target price (down from $124.00) on shares of Arch Capital Group in a report on Monday, August 4th. Jefferies Financial Group lowered Arch Capital Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $106.00 to $100.00 in a research report on Tuesday, June 10th. Finally, Citigroup started coverage on shares of Arch Capital Group in a research report on Wednesday, August 13th. They set a "buy" rating and a $113.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and an average target price of $109.36.

Arch Capital Group Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.

Want to see what other hedge funds are holding ACGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.